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The cyber security threat landscape in financial services

Insights on Business

Gary Meshell, WW Leader Financial Services, IBM Security, opened his IBM Think 2019 talk, How Financial Services Companies Should Respond to Cyber Security Attacks with a bold assertion and truism. IBM and TD Bank jointly developed cyber security incident response solution for the financial services industry.

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Proposed new cyber security regulations will be a huge undertaking for financial institutions

Celent Banking

New York State Department of Financial Services (NYDSF) is one step closer to releasing cyber security regulations aided by the largest security hacking breach in history, against JP Morgan Chase. Mandated training of security will be required. Information security. Data governance and classification.

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Today’s Cyber Risk Management

Cisco

While operational risk is not a contributing factor in a pandemic, the COVID-19 pandemic’s impact on financial services’ digitization does correlate with a material rise in cyber risk. It also put an even greater emphasis on cyber risk management within institutions and financial regulatory agencies. Regulatory Agencies Step Up.

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Four Steps for Managing Third-Party Cyber Security Risk

FICO

As TPRM or third-party risk management grows in importance, so does cybersecurity risk assessment as part of it. The latest Assessment of Business Cyber Risk (ABC) report from the US Chamber of Commerce and FICO discusses four steps for improving third-party cybersecurity risk management. What data is shared with the supplier?

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GuardKnox Secures $21M To Boost Cybersecurity For Connected Cars

PYMNTS

Automotive cybersecurity company GuardKnox announced it has secured $21 million in a Series A round of funding, bringing its total raised to $24 million. FM Capital is proud to partner with the dynamic GuardKnox team delivering transformative cyber security solutions for the auto industry.”.

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4 considerations for banking leaders concerned about cyber security

NCR

With that comes the need to protect the data associated with all types of banking transactions. The overall risk management framework of any institution, including banks, should include cybersecurity considerations. ISOs who communicate with technology-specific terms and jargon are not serving the security interests of the bank well.

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Reduce your accounting firm’s cyber risks with these 8 actions

Abrigo

Demand for effective cyber risk management is so strong that the AICPA is developing common criteria for CPAs to use as they help clients evaluate their programs and efforts. I know a lot of people do not take security awareness seriously, but for Sageworks, the No. Develop a security awareness program.